NOVIGADO
ActiveNOVIGADO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €67k. Its solvency ranks better than 86% of 2687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+9
Growth52
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity ample (current ratio 6.87 against 2.89 in 2024; short-term debt: 14.4% and cash: 6.6% of total assets), and 14.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.6%
Return on assets
38.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
17 d late
2024
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€149k▲ 82.0%
2024 · €82k
2024: €82k
2024 → 2025
Total assets
€175k▲ 40.1%
2024 · €125k
2024: €125k
2024 → 2025
Net result
€67k▼ 17.0%
2024 · €81k
2024: €81k
2024 → 2025
Working capital
€148k▲ 84.4%
2024 · €80k
2024: €80k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€82k-€149k▲ 82.0%
Operating result€107k-€88k▼ 17.6%
Net result€81k-€67k▼ 17.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€1k▼ 25.8%
Current assets
€173k▲ 41.1%
Equity and liabilities €175k
Equity
€149k▲ 82.0%
Debt
€25k▼ 40.7%
The debt ratio falls from 34.1% to 14.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▼
2024 · €108k
Cash flow
€68k▼
2024 · €82k
Solvency
85.6%▲
2024 · 65.9%
Current ratio
6.87▲
2024 · 2.89
Quick ratio
6.87▲
2024 · 2.89
Debt / equity
0.17▼
2024 · 0.52
ROE
45.1%▼
2024 · 98.8%
ROA
38.5%▼
2024 · 65.1%
Interest coverage
24.07▲
2024 · 22.33
Debt
€25k▼
2024 · €43k
Debt ≤ 1 year
€25k▼
2024 · €43k
Income taxes
€18k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€125k€175k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Current assets29/58€123k€173k▲
Amounts receivable within one year40/41€22k€22k▼
Trade receivables40€17k€17k▼
Other amounts receivable41€5k€5k▲
Current investments50/53€60k€140k▲
Cash at bank and in hand54/58€41k€12k▼
Equity and liabilities
Total equity and liabilities10/49€125k€175k▲
Equity10/15€82k€149k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€81k€148k▲
Amounts payable17/49€43k€25k▼
Amounts payable within one year42/48€43k€25k▼
Trade debts44€209€2k▲
Suppliers440/4€209€2k▲
Advances received on contracts in progress46€16k€0▼
Taxes, remuneration and social security45€26k€24k▼
Taxes450/3€26k€24k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€518€461▼
Other operating charges640/8€640€208▼
Gross operating margin9900€108k€89k▼
Operating profit (loss)9901€107k€88k▼
Financial income75/76B€190€272▲
Recurring financial income75€190€272▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€103k€85k▼
Income taxes67/77€21k€18k▼
Profit (loss) for the period9904€81k€67k▼
Profit (loss) for the period to be appropriated9905€81k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€148k▲
Profit (loss) brought forward from the previous period14P-€81k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 6.87
Current ratio from 2.89 to 6.87; short-term debt falls from €43k to €25k.
31-12
Financial
Equity above €100kEq €149k ▲82%
2 profitable years in a row build equity to €149k.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merksplas · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenweg op Beerse 82330 MerksplasGround area
310 m²
Building footprint
142 m²
Volume, LiDAR
724 m³
Parcel 13023F0243/00T000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NOVIGADO
since 20232.350.344.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023F0243/00T000 | Flanders | 309 m² | 1 · 142 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BHE IT
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Braindeer
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Mersato
BE 0629.927.896
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ORQA ENGINEERING
BE 0800.935.928
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Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 6,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2023
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
58290Other software publishing
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.